Show me the money! Tom Cruise 'seeks $20 million profit on home he bought with Katie Holmes in 2007 as he quietly puts Beverly Hills estate up for sale at $50 million'

Tom Cruise is rumored to have put the Beverly Hills home he bought with third wife Katie Holmes on the market and he's hoping for a whopping $20 million profit if he finds a buyer.

Variety reported Tuesday that the Hollywood star, who's 53 has quietly let it be known that his palatial estate in an exclusive neighborhood is available at an asking price of about $50 million.

The Top Gun legend and his Dawson's Creek ex shelled out just $30.5 million for the property in April 2007, according to Variety.

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Offloading property: Tom Cruise is reported to have quietly let it be known that his palatial estate in Beverly Hills is available to buy for about $50 million. He paid $30.5 million for it in 2007 while wed to Katie Holmes

Heavily fortified compound: The 10,000 square foot residence has seven bedrooms and nine bathrooms and sits on 1.3 acres at the end of a long, gated drive in an exclusive neighborhood

The gray stone clad mansion has seven bedrooms and nine bathrooms and sits on 1.3 acres at the end of a long, gated driveway.

The main residence of 10,000 square feet has multiple wings and the heavily fortified property also has two guest houses.

It boasts a swimming pool, lighted tennis court, large fountain in the front motor court and a children's playground.

Exes: Cruise and Holmes, pictured in February 2007, purchased the property in April that year. They wed in 2006 and were divorced in 2012

Divorced: Holmes, 36, now divides her time between homes in New York and Calabasas and is raising daughter Suri, nine. She shared this snap of her and Suri hugging on her Instagram account on Monday

In November, 2014, he listed his nearly 300-acre ranch in Telluride, Colorado, for sale at $59 million.

In March, a European-style estate on 2.75 acres in the Hollywood Hills was put on the market at just under $13 million though the asking price has since been reduced by $1 million to $11,995,000.

In 2013, Cruise sold his New York City condo in the American Felt building for $3 million.

Luxurious: The private estate also boasts two guest houses, a swimming pool, a large fountain, a lighted tennis court and a children's playground

Selling up: Cruise has listed several of his homes for sale in the past year including his stunning ranch in Telluride, Colorado, pictured, at an asking price of $59 million and a Hollywood Hills estate for $12 million

Cruise, who was previously married to actresses Mimi Rogers and Nicole Kidman, wed Holmes in a lavish ceremony in Italy in 2006.

It followed whirlwind romance in which the couple earned the sobriquet TomKat.

In June, 2012, the actress, mother to daughter Suri, filed for divorce in a move that apparently blindsided the Mission: Impossible megastar.

The divorce was finalized within two months.

The actor and producer is estimated to be worth $470 million, according to the Celebrity Net Worth website.

Big money: The Mission: Impossible star, pictured in Seoul in July, is estimated to be worth about $470 million